TORONTO ― Lowe’s Canada’s closure of 34 underperforming stores reflects the slow year the industry has been contending with, Hardlines President Michael McLarney told BNN this week. “It’s been a slow year for the industry for a number of reasons, both internally and externally,” he said, “Lowe’s Canada is not really doing a whole lot worse than anything else [but] they’re on display as a public company.” Still, home improvement banners like Lowe’s have one factor on their side. “This industry is definitely insulated more from [the threat of] the online selling piece,” said McLarney, adding that hardware shoppers still want to “touch and feel” merchandise in store. To view the complete interview, click here.
Lowe’s closures part of broader industry trend: Hardlines president
Most Recent
Most Read
Canfor announces earnings, acquisition
Thu, May 02nd, 2024
Two more retailers to showcase Quebec-made products
Thu, May 02nd, 2024
Throwback Thursday: “Canadians are ready to start spending again,” we reported ten years ago
Thu, May 02nd, 2024
RONA stores raise money in May to support communities
Thu, May 02nd, 2024
AD Canada garners recognition as great place to work
Thu, May 02nd, 2024
AQMAT unveils its “Family Portrait” of the industry in Quebec
Wed, May 01st, 2024
Is the honeymoon ending for self-checkout?
Wed, May 01st, 2024
Amazon announces first quarter results, triples profits
Wed, May 01st, 2024
Peavey marks grand opening in Manitoba
Tue, April 30th, 2024
Hiring in Ontario? Legislation around job postings has changed
Tue, April 30th, 2024